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The RBA has slashed interest rates in response to the coronavirus
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The RBA has slashed interest rates in response to the coronavirus

The RBA has made the call that they predict the coronavirus will significantly impact the economy going forward, and has thus moved to preempt the fallout.

The RBA Board, led by Governor Phillip Lowe, decided to cut the official cash rate by 0.25% to a record-low 0.5%. Rates that have not been seen…